Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[Phil_S]

alt markets are all over the place today - any idea whats causing the volatility?

Full moon.

[JimboToronto]

Good morning Bitcoinland.

I see we're still going sideways in the $10K-$11k range... currently $10724USD/$13775CAD (Bitcoinaverage).

Seems February ended up about where it began, after all kinds of drama.

Winter's grinding down. Hopefully we'll have our spring rally soon.

I always found it hard to play with more than one guitarist. They tend to go off on long jammy tangents without telling me. I guess my ear wasn't good enough to pick up the chord changes quick enough.

It's hard to imagine having another guitar in our outfit.  It is a hell of a lot of noise the way it is.

"Lead" guitar players are annoying. I hate having to play with more than one guitarist at a time. One good rhythm guitarist is worth more than 100 noisy, self-centered "lead" guitarists with all their goofy effects pedals and total lack of self control.

They're so clueless some of them actually think that people other than guitarists actually give a shit about some rambling pointless guitar solo. Most audiences are concerned primarily with the actual melody and lyrics of the song. They consciously listen mostly to the lead vocals while subconsciously being moved by the groove of the rhythm section. The singer is the main treble voice, not some silly guitar.

As a bassist, I'd rather play with 2 drummers than 2 guitarists. I can handle a good 3-piece (bass, drums, guitar) band because the guitarist is forced to play mainly strong rhythm with only the occasional "lead" fluff. Frankly, I'd rather have a good sax player to play the instrumental breaks, as long as he doesn't think he's John Coltraine.

/rant

[marcus_of_augustus]

SEC announced crackdown on ICOs is bringing some shivers to the alt pumpers.

The long winter for alts is beginning methinks.

masterluc's almost 12 months sideways consolidation around 10500 would fit with an absolute bloodbath in the alts, ICOs and blockchain scam parasite space

[bitserve]

Pretty interesting musical/bands conversation.

Today I have learned "guitars" are sorta Roger Ver personalities, constantly trying to change/fork the songs to their egomaniacal needs. Drummers may be the miners, usually doing their job on the background unless a Jihan Wu personality emerges trying to take the lead and more protagonism than they should.

It's no wonder bands are more prone to forks than even crypto is.

[bitChipper]

Again, I could be way out of line here, but look at this for a minute. And this is the cream of the crop. There are 'conferences' all over the place, doing 'talks'
Really? Is this Bitcoin now? 'FinTech'. Give me one good reason.
It's not amazing.

How much longer will Tone Vays be invited to these events when he goes up on stage and basically says that other presenters/speakers are running scams?

[Biodom]

masterluc's almost 12 months sideways consolidation around 10500

That was not his chart, but he agreed with it.
We might go even higher in the first bumb, with even 17K-18K possible.

[Torque]

LMFAO at all the Youtube Crypto personalities that sprang up last year.

While the momentum trade was going in 2017, they all acted like total and seasoned 'Crypto Experts'. Like they knew exactly why Bitcoin, or this shitcoin or that, was going up, and why. They told all their followers that they should invest in this or that.

Now that the momentum trade is over, they are floundering around and haven't got the slightest clue what the crypto market is doing. Fucking hilarious.

I predict that if the market goes sideways for another 6-12 months, most of them will completely vanish from Youtube, or at least 90+% of their followers will unsubscribe and drop off.

[Toxic2040]

WORMSIGN !

Laddering up.


📈🚀

[RealMachasm]

WORMSIGN !

Now I know what CCMF, Carolina, Trains, Rockets and even Russel Crowe in Gladiator mean, but the hell does wormsign mean??

[svdleer]

I'm a bit worried that the current small up movements are still combined with low volumes.

Positive thing is that we don't need 1500 BTC anymore to reach 11K but only 950.

[Rosewater Foundation]

Again, I could be way out of line here, but look at this for a minute. And this is the cream of the crop. There are 'conferences' all over the place, doing 'talks'
Really? Is this Bitcoin now? 'FinTech'. Give me one good reason.
It's not amazing.

How much longer will Tone Vays be invited to these events when he goes up on stage and basically says that other presenters/speakers are running scams?

But..muh crytptoassets.

[Torque]

WORMSIGN !

Now I know what CCMF, Carolina, Trains, Rockets and even Russel Crowe in Gladiator mean, but the hell does wormsign mean??

[Arriemoller]

WORMSIGN !

Now I know what CCMF, Carolina, Trains, Rockets and even Russel Crowe in Gladiator mean, but the hell does wormsign mean??

https://www.youtube.com/watch?v=5-EdLMxjPCg

[Toxic2040]

From @BigCheds



Going to test 11k shortly imho.

[RealMachasm]

WORMSIGN !

Now I know what CCMF, Carolina, Trains, Rockets and even Russel Crowe in Gladiator mean, but the hell does wormsign mean??

https://www.youtube.com/watch?v=5-EdLMxjPCg

Thanks. Don’t know if I am any the wiser though that YouTube clip was funny.

[jojo69]

WORMSIGN !

Now I know what CCMF, Carolina, Trains, Rockets and even Russel Crowe in Gladiator mean, but the hell does wormsign mean??

foreboding mempool activity

[sirazimuth]

Good morning Bitcoinland.

I see we're still going sideways in the $10K-$11k range... currently $10724USD/$13775CAD (Bitcoinaverage).

Seems February ended up about where it began, after all kinds of drama.

Winter's grinding down. Hopefully we'll have our spring rally soon.

I always found it hard to play with more than one guitarist. They tend to go off on long jammy tangents without telling me. I guess my ear wasn't good enough to pick up the chord changes quick enough.

It's hard to imagine having another guitar in our outfit.  It is a hell of a lot of noise the way it is.

"Lead" guitar players are annoying. I hate having to play with more than one guitarist at a time. One good rhythm guitarist is worth more than 100 noisy, self-centered "lead" guitarists with all their goofy effects pedals and total lack of self control.

They're so clueless some of them actually think that people other than guitarists actually give a shit about some rambling pointless guitar solo. Most audiences are concerned primarily with the actual melody and lyrics of the song. They consciously listen mostly to the lead vocals while subconsciously being moved by the groove of the rhythm section. The singer is the main treble voice, not some silly guitar.

As a bassist, I'd rather play with 2 drummers than 2 guitarists. I can handle a good 3-piece (bass, drums, guitar) band because the guitarist is forced to play mainly strong rhythm with only the occasional "lead" fluff. Frankly, I'd rather have a good sax player to play the instrumental breaks, as long as he doesn't think he's John Coltraine.

/rant

Playing bass myself mostly in power trio line ups  I concur on most of your points.

Though I will say if a lead guitar break is well thought out ,arranged and  melodically slick,

 it can add substance to the track, especially maybe for the middle eight.

David Gilmore of Pink Floyd for one was a master at this.

But mindless shredding to show off ones playing speed? oh perleeeze!

Leave that for the Spinal Tap metal head moroons holding lighters over their heads, I'll pass thank you...

[Torque]

Thanks. Don’t know if I am any the wiser though that YouTube clip was funny.

You should read Dune, a classic. Then watch the movie, a cult classic.

I wish they would remake Dune the movie. With today's CGI and stuff it would be awesome.

[RealMachasm]

Thanks. Don’t know if I am any the wiser though that YouTube clip was funny.

You should read Dune, a classic. Then watch the movie, a cult classic.

Will do.

[JimboToronto]

Though I will say if a lead guitar break is well thought out ,arranged and  melodically slick,

 it can add substance to the track, especially maybe for the middle eight.

David Gilmore of Pink Floyd for one was a master at this.

But mindless shredding to show off ones playing speed? oh perleeeze!

Leave that for the Spinal Tap metal head moroons holding lighters over their heads, I'll pass thank you...

Absolutely. Strong melodies are what most audiences want to hear, not noodling nor technique wanking.